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It has been a big week for the gold market as surging momentum has pressed costs to their highest degree in almost eight years. In an interview with Kitco News, George Milling-Stanley, primary gold strategist at State Street Global Advisors, claimed that he remains to expect gold to push higher via the remainder of the year. Although his base instance does not ask for $2,000 gold by year-end, he included that a move to that degree is not out of the "realm of possibilities."
In a world awash in uncertainty as well as volatility, gold has done precisely what it was meant to do, he added.
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The only question gold investors are asking: how high is the price going
It has been a big week for the gold market as surging momentum has pushed prices to their highest level in nearly eight years. In an interview with Kitco News, George Milling-Stanley, chief gold strategist at State Street Global Advisors, said that he continues to expect gold to push higher through the rest of the year. Although his base case doesn’t call for $2,000 gold by year-end, he added that a move to that level is not out of the “realm of possibilities.”
In a world awash in uncertainty and volatility, gold has done exactly what it was supposed to do, he added.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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